The results reflect an improved cost control strategy.
The coffee upstart is expanding aggressively across product categories and markets.
Users can locate the nearest coffee machine and place an order through the Luckin app.
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.
The funding is raised at a valuation of $2.9 billion, up from $2.2 billion in December.
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.